Employer Healthcare Coverage at Age 65 vs. Medicare Coverage
It’s frequently said that if you have employer healthcare coverage at age 65, you can delay enrolling in Medicare until your employer coverage ends. And that’s true in many cases, but you still need to be careful because not all employer coverage is created equal. First of all, only “creditable” employer coverage (a group plan with at least 20 participants) exempts you from a Medicare Late Enrollment Penalty for enrolling in Medicare after age 65. Second, employer healthcare plans which are not “creditable” won’t usually pay for medical expenses that Medicare covers. So, as explained in this Boston Herald article by Carla Fried, you should make sure that your employer healthcare coverage will pay for all of your healthcare needs before deciding to delay claiming Medicare at age 65. Click here to read more.